📝 Spaceium raises $6.3M

Liam Gill
January 24, 2025

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In just a few years, Ashi Dissanayake and Reza Fetanat have transformed Spaceium from a bootstrapped operation run out of an Ottawa apartment into a cutting-edge player in in-space refueling, raising $6.3 million in an oversubscribed seed round led by Initialized Capital. The cofounders, who bonded over space research at the University of Ottawa, aim to solve the industry’s refueling bottleneck, enabling longer and deeper space missions. While competitors like Orbit Fab and Astroscale are also pursuing this goal, Dissanayake believes Spaceium’s unique fuel storage technology gives them an edge. With a demo mission slated for later this year, the company is laying the groundwork for its vision of a "space superhighway" of orbital refueling stations.

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Liam Gill